Welch & Forbes LLC decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,523 shares of the oil and gas company’s stock after selling 315 shares during the period. Welch & Forbes LLC’s holdings in Valero Energy were worth $17,281,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in Valero Energy by 49.7% during the third quarter. IHT Wealth Management LLC now owns 5,140 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 1,706 shares in the last quarter. Bartlett & Co. LLC boosted its stake in Valero Energy by 8,685.0% during the third quarter. Bartlett & Co. LLC now owns 8,785 shares of the oil and gas company’s stock worth $749,000 after acquiring an additional 8,685 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Valero Energy during the third quarter worth about $324,000. D.A. Davidson & CO. boosted its stake in Valero Energy by 44.3% during the third quarter. D.A. Davidson & CO. now owns 36,023 shares of the oil and gas company’s stock worth $3,071,000 after acquiring an additional 11,065 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Valero Energy by 67.6% during the second quarter. Invesco Ltd. now owns 2,523,796 shares of the oil and gas company’s stock worth $216,062,000 after acquiring an additional 1,017,717 shares in the last quarter. 75.65% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy stock traded down $0.64 during trading hours on Friday, hitting $91.34. The stock had a trading volume of 838,008 shares, compared to its average volume of 3,439,300. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $37.89 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.46. Valero Energy Co. has a 12-month low of $69.44 and a 12-month high of $101.99. The stock’s 50-day moving average price is $94.20 and its 200-day moving average price is $88.18.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. The firm had revenue of $27.25 billion during the quarter, compared to analysts’ expectations of $25.93 billion. During the same period in the previous year, the company earned $2.01 earnings per share. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. On average, research analysts expect that Valero Energy Co. will post 5.01 EPS for the current fiscal year.
In other news, CEO Joseph W. Gorder sold 21,400 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $95.57, for a total transaction of $2,045,198.00. Following the completion of the transaction, the chief executive officer now directly owns 424,917 shares of the company’s stock, valued at $40,609,317.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.
Several equities research analysts recently commented on VLO shares. Goldman Sachs Group set a $104.00 price objective on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on shares of Valero Energy from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank of Canada set a $99.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, October 25th. ValuEngine raised shares of Valero Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, December 26th. Finally, Barclays assumed coverage on shares of Valero Energy in a report on Tuesday. They issued an “overweight” rating and a $116.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and a consensus price target of $103.02.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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